HS up on China stocks, especially the banks. Ironically, SH tone was negative.
Europe off to a negative start, but no market moving news. Mostly related profit take selling.
Our mkt underperformed and confined to 1180-1190 range in negative tone almost from the onset. Fbm staying power above 1190 in early trades, only lasted about 4 mins. All the way down since. Fkli saw discount widened on selling after 5.00pm, believed to be kwailow "last 15mins" kind of order.
While not impress with mkt sluggish performance, the mkt did stay above 1180. So, mkt is positive and hope for a new trading range of 1180-1200 remains intact.
what do you mean by kwailou last fifteen minutes kind of order . can u elaborate on that?
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